 "Asian Paints awards Jacobs Engineering EPCM contract for new paints plant")
Jacobs Engineering Group Inc - the US-headquartered company that provides industrial maintenance, fabrication, construction and maintenance management technology to mainly process industries – has announced that it received an engineering, procurement, construction management (EPCM) contract from Asian Paints Limited (APL) to provide engineering services for a greenfield paint plant in India.
Though Jacobs had not mentioned the location of the greenfield project, the contract could be for the proposed paint manufacturing facility in Mysuru (Karnataka), plans for which was announced by Asian Paints in September this year. The company will invest approximately Rs 2,300 crores, in a phased manner, in the new plant, which will meet the demand in the Southern and Eastern parts of the country.
ALSO READ: Asian Paints to set up Rs 2300-cr facility in Mysuru
Gary Mandel, petroleum and chemicals president, Jacobs, commented, “We are delighted to expand our relationship with APL as it continues to invest in this region. I am confident our global experience in the chemical industry combined with our strong local knowledge can contribute significant value to this strategically important facility.”
Asian Paints is India’s largest and Asia’s third largest paints company, with 26 manufacturing plants in operation in India and around the world.
Though Jacobs had not mentioned the location of the greenfield project, the contract could be for the proposed paint manufacturing facility in Mysuru (Karnataka), plans for which was announced by Asian Paints in September this year. The company will invest approximately Rs 2,300 crores, in a phased manner, in the new plant, which will meet the demand in the Southern and Eastern parts of the country.
ALSO READ: Asian Paints to set up Rs 2300-cr facility in Mysuru
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As per the EPCM contract, Jacobs will provide detailed engineering and construction supervision services for the plant. The contract duration is 37 months. When complete, the new paint plant is expected to produce 300,000 kiloliters per annum of decorative paints. The plant is a key component of Asian Paints’ expansion programme in India.
Gary Mandel, petroleum and chemicals president, Jacobs, commented, “We are delighted to expand our relationship with APL as it continues to invest in this region. I am confident our global experience in the chemical industry combined with our strong local knowledge can contribute significant value to this strategically important facility.”
Asian Paints is India’s largest and Asia’s third largest paints company, with 26 manufacturing plants in operation in India and around the world.